Stephen Colbert Drops Wit and Wisdom at University of Virginia Commencement

Stephen Colbert delivered the keynote speech at the University of Virginia's graduation ceremony on Saturday, and the Comedy Central star's blunt and self-effacing words have quickly gone viral.

"Tweeting your Vines, hashtagging your Spotifies, and Snapchatting your YOLOs ... that's very upsetting to us Baby Boomers because self-absorption is kind of our thing," he told the soon-to-be graduates.

"You do not owe the previous generation anything,' he added later in the speech. "Thanks to us, you owe it to the Chinese."

After seemingly excusing the internet generation for thinking the world revolves around them, Colbert closed his speech by paraphrasing UVA founder (and founding father) Thomas Jefferson.

Mutually pledge to each other your lives, your fortune, and your sacred honor. If anyone can do this, it is the graduates of the university Jefferson founded. You are his intellectual heirs. In fact, some of you may be his actual heirs, we're still testing the DNA."